Bitcoin has managed to outperform Strategy's significant paper losses, despite ending the first half of 2026 in the red. While traditional assets like the Nasdaq 100 and S&P 500 have seen gains of 16% and 7.4% respectively, bitcoin's performance has been overshadowed by the rise of dollar-linked crypto assets such as stablecoins. USDT's supply remains steady at $186 billion, with its dominance rate increasing by 43% to 9.17%. In contrast, commodities like WTI crude oil and the Bloomberg Commodity Index have surged by 20% and 13%, respectively. Precious metals have not fared well, with gold, silver, and palladium dropping by over 6%, 18%, and 24%. This trend highlights a shift away from narrative-driven assets like bitcoin and precious metals, traditionally seen as stores of value, towards crypto projects with stronger ties to traditional financial assets.